Two-Building Apartment
For Sale
$660,000
Pending
125-129 E Parkview Ave, Ridgecrest, CA 93555
MULTI_FAMILY - Ridgecrest, CA
Property Size3,864 SF
Lot Size0.36 Acres
Days on Market49
Property Features for 125-129 E Parkview Ave
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
MFB
Bedrooms
6
Bathrooms
6
Full bathrooms
6
Rooms
Bedroom 3, Bedroom 4, Bathroom 1, Bathroom 5, Bathroom 3, Bedroom 5, Bedroom 6, Bathroom 4, Bedroom 1, Bathroom 6, Bathroom 2, Bedroom 2
Interior features
Ceiling Fans, Window Coverings, Fixtures, Flooring- Tile
Appliances
Oven/Range- Electric, Water Heater- Nat. Gas, Dishwasher, Garbage Disposal, Microwave, Refrigerator, W/D Hookups, Washer & Dryer
Lot features
Sidewalks, Curb & Gutter, Fenced- Partial, Landscape- Partial, Patio- Covered
Directions
Traveling South on China Lake Blvd take a left turn on Parview Ave.
Subdivision
South East
Standard status
Pending
APN
080-122-08, 080-122-
Size
3,864 SF
Lot size
0.36 Acres
Utilities
Heating system
Forced Air, Natural Gas
Cooling system
Dual
Amenities
covered patios
connected garages
Building Details
Year built
1987
Number of units
6
Roof type
Composition, Asphalt, Shingle
Listing Agency:
Vaughn Realty
(760) 446-6561
Listed By:
Kim Alexander · License #01233118
(760) 446-6561
Added: Jul 14
Changed: Aug 2
Last Checked: Aug 31 at 10:06AM
MLS# 2608692
Copyright © 2026 Southern Sierra MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This two-building apartment complex totals six units, built in 1987, with dual A/C and forced-air natural gas heating on all units. Interior features include tile flooring, ceiling fans, window coverings, and updated fixtures. The property includes electrical and appliance package such as electric oven/range, dishwasher, microwave, refrigerator, and washer & dryer hookups. Roofs on both buildings are new.
Outside, the complex offers covered patios and ample backyard space, along with updated stucco, exterior paint, landscaping, and exterior lighting. Connected garages are also included, which can be a benefit in a desert climate.
Unit updates include four of the six units remodeled for immediate rentability, and the property includes a furnished corporate unit. The complex is zoned MFB.
Outside, the complex offers covered patios and ample backyard space, along with updated stucco, exterior paint, landscaping, and exterior lighting. Connected garages are also included, which can be a benefit in a desert climate.
Unit updates include four of the six units remodeled for immediate rentability, and the property includes a furnished corporate unit. The complex is zoned MFB.
Key Highlights
- Two buildings with six total units
- New roofs on both buildings
- Dual A/C and forced‑air natural gas heat on all 6 units
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$44,513
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.74%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$890,260
$890.3K
Cap Rate 7%
$635,900
$635.9K
Cap Rate 9%
$494,589
$494.6K
Market Conditions
NOI Build-Up for 3,864 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$83.5K $21.60/SF
− Vacancy
−$2.5K −$0.65/SF
EGI
$80.9K $20.95/SF
− OpEx
−$36.4K −$9.43/SF
NOI
$44.5K $11.52/SF
Area
Kern County, CA
Vacancy
3.03%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$890,260
Cap Rate 7%
$635,900
Cap Rate 9%
$494,589
Alternative Uses
Best Use
Apartment 5plus
$635.9K
$556.4K – $741.9K
NOI $44,513 @ 7.0% cap · market cap 6.74%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$825.5K
$722.3K – $963.0K
NOI $57,782 @ 7.0% cap · market cap 8.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
674
Businesses Nearby
Explore this area
Business Placement
Demographics for 93555, CA
32,810
Population
14,401
Households
2.3
Avg Household Size
37
Median Age
31%
College-Educated
91%
High-School Grad
78.1 sq mi
ZIP Area
420
Density / Sq Mi
$84,141
Median Household Income
$50,198
Median Earnings
$1,180
Median Rent
$235,400
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Two buildings with six total units, dual A/C and gas forced-air heat, with connected garages and covered patios.
Where is this apartment building located?
The property is located at 125-129 E Parkview Ave Ridgecrest, CA.
What is the asking price?
The asking price for this property is $660,000.
What are key features of this property?
This property features: Two buildings with six total units; New roofs on both buildings; Dual A/C and forced‑air natural gas heat on all 6 units
